The Cost behind DDoS Attacks are in an Increasing Manner Day after Day!

Nowa­days, busi­nesses world­wide are los­ing money more than ever with the ongo­ing advanced cyber-attacks. New sur­vey con­ducted on mid-sized and large cor­po­ra­tions shows that, DDoS attacks cost are more than $100,000 per hour and, fur­ther­more, 43% of those cor­po­ra­tions lost more than $250,000 per hour.

The most dif­fi­cult part is the post attack phase, most com­pa­nies take long time to defeat an attack and get their sys­tems back on track. The sur­vey shows that only 26% said it took them less than an hour to defeat the attack they faced, while 33% said it took between one and two hours, fur­ther­more 40% said it took more than three hours.

By the time attack­ers and their tech­niques become more advanced and sophis­ti­cated, busi­nesses seemed to lose widely in 2014 than it has in 2015. Only 32% of com­pa­nies reported that they lost more than $100,000 per hour, and 68% took them less than two hours to respond to an attack.

Rod­ney Joffe, senior vice pres­i­dent at Neustar said: “The cost is going up” and finan­cial ser­vices were par­tic­u­larly hard hit, where 20% of finan­cial ser­vice orga­ni­za­tions lose more than $1 mil­lion in hourly rev­enues and 43% reported that their losses were more than $250,000 per hour.

The most dan­ger­ous threat is that attack­ers will try to hack you more than one time while sev­eral com­pa­nies reported that they have been attacked more than once. Accord­ing to the sur­vey, 62% of finan­cial orga­ni­za­tions were attacked more than once and 30% were attacked more than five times. As a result, 79% becom­ing aware of these threats and invest­ing more money in fend­ing off DDoS attacks this year com­pared to the last year.

Learn the most effec­tive secu­rity solu­tions to help pro­tect your busi­ness and avoid being the next vic­tim of Cyber-attacks. Sahara Net secu­rity team is ready to help you fight those hack­ers away and answer all your ques­tions, to get in touch with our Cyber Secu­rity Experts, kindly click here.